Tuesday

Corn got soft Tuesday, off 5 1/2 to 326.  Don't like that action, I have to admit, and the funds sure like pushing commodities down. Wheat off 6 1/4 to 548 3/4.  Beans down 7 1/4 to 847 with weak meal early, but meal caught a pretty decent bid late.  Haven't heard why, and will have to see some better action thru Wednesday to confirm a low for the meal move.  Rice off 4 1/2 to 1428 and didn't seem to have the bull sponsor again.  My store is restocked.  We are at a crossroads for ag, and the US in general.  I fully expect Trump to begin the process of reopening the economy tomorrow.  The EU desperately needs to float some form of Euro bond financing, and several global currencies are getting near the point of no return.  Does the dollar become so strong that no one can buy from us, or does the globe move into an inflationary cycle, where everything costs more next month than this month?  When we reopen for business, the restaurants will want meat, and so will my grill.  We need to look at tomorrows action and Thursdays exports, as well as news to see if china is going to honor their commitments, or this could be a long summer.  Dow up 571 to 23,880 and bonds slip 14 tics to 177.22.  Lots of the talking heads are convinced the lows are in for equities, because of the fed, but I'm not too sure when we start the re-open, it goes smoothly, or positively.  If employees really do get paid more from the government to stay home, it might get messy.